Ghana at risk of not passing IMF fourth review in April

Ghana risks failing the fourth IMF programme review in April 2025 due to missed key performance indicators, according to Delax Finance CEO Joe Jackson and PWC Ghana Senior Country Partner Vish Ashiagbor.

Finance Minister Dr. Ato Forson revealed in the 2025 Budget that Ghana likely missed all structural benchmarks by December 2024. Inflation reached 23.8% instead of the targeted 15%, and the primary balance deficit widened to 3.9% of GDP.

Experts warn this could weaken investor confidence and pressure the cedi. They urge the government to manage the situation proactively and consider extending the IMF programme.

Failure to secure a waiver from the IMF could have serious economic consequences.